“It is the trader’s mentality. Any reason they get they will jump and raise the prices although they are not affected directly. However, items such as vegetables and others damaged by the long rain and those factories or businesses involved in manufacturing food are all also affected because of the exchange rate which is not in our favour. The ringgit has been weakening.
A trader weighs a chicken at Pasar Awam Moden Seksyen 6 in Shah Alam September 21, 2021. — Picture by Yusof Mat Isa Other than vegetables, the price of a standard loaf of bread by popular local maker Gardenia has also been reported to have increased recently. “The middlemen within the supply chain are the ones who control the price of goods but unfortunately, blame it on the rising cost of having to comply with the standard operating procedures,” he added.
Meanwhile, University of Malaya’s Mohd Nazari Ismail differed on the role of middlemen, asserting that strong evidence is still needed to justify the group’s role in price hikes and the local inflation rate. “However, in a situation of increased demand; which in a way is not natural because it is caused by borrowed funds and decreased supply of goods, the current price increase is inevitable. The people who will suffer most are the ones earning fixed incomes including pensioners,” he said.
Middleman always from UMNO. That's how they became filthy rich. But the malays don' t mind because they are bumiputras.
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